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Tag Archives Oilseeds

ICE January 2023 canola (candlesticks) with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Trader sees canola topping $900 mark soon

Crush margins at 'very, very extreme levels'

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MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball […] Read more
With the dramatic rise in crush capacity slated for the Prairies, the onus will be on farmers to ensure there is adequate supply to keep up with rising demand for canola seed.
Canola, Crops

Priority No. 1 for canola growers: ‘produce more’

To take advantage of the biofuel boom and all of its benefits, farmers must increase canola productivity on each acre. Which agronomic tools can you lean into for the heavy lifting?

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The biofuel market in North America is rapidly expanding, thanks in part to government regulations promoting clean fuels to drive down greenhouse gas emissions. This, in turn, is driving up demand for biofuel feedstocks like canola oil, which is why Chris Vervaet says grain companies are spending some $2 billion over the next few years […] Read more
File photo of a sunrise over an Alberta barley crop. (MNphotography/iStock/Getty Images)
Crops, Weather

Alberta issues final crop report for year

Harvest over 98 per cent done by region and crop type

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MarketsFarm –– For the second year in a row the Alberta harvest wrapped up well ahead of the five-year average. With a gain of three points for the week ended Tuesday, Alberta Agriculture, Forestry and Rural Economic Development (AFRED) pegged the combining of major crops at 99.2 per cent complete. That’s 22 and a half […] Read more
(Lightguard/iStock/Getty Images)
Crops, Weather

Saskatchewan’s harvest 90 per cent complete

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MarketsFarm — Excellent weather over the week ended Monday saw Saskatchewan farmers make good harvest progress, with 90 per cent of the province’s crops off the field, according to the latest provincial report. Harvest progress was up from 81 per cent the previous week — and from the five-year average of 82 per cent. While […] Read more
File photo of a lighthouse at the Ukrainian port of Chernomorsk on the Black Sea. (Larysa Shcherbyna/iStock/Getty Images)
Crops, Markets, Reuters

Ukraine, Russia sign deal to reopen grain export ports

Russia says it 'won't take advantage' of de-mining of ports

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Istanbul/Kyiv | Reuters — Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased. The accord crowned two months of talks brokered by the United Nations and Turkey, a NATO member that […] Read more
(Lightguard/iStock/Getty Images)
Crops, Weather

Saskatchewan crops advancing quickly

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MarketsFarm — Hot and humid conditions saw crops in Saskatchewan advance quickly during the week ended Monday, according to the latest provincial crop report — although the humidity has slowed haying. When humidity is high, cutting hay becomes more challenging and hay that is cut does not dry down as quickly, which can result in […] Read more
File photo of a rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)
Crops, Markets

USDA attaché alters call on China’s ending stocks

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MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more

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